Petroleo Brasileiro SA – Petrobras (NYSE:PBR) was upgraded by research analysts at Raymond James Financial Inc. from an “underperform” rating to a “market perform” rating in a research report issued on Wednesday.

A number of other research firms have also recently weighed in on PBR. HSBC raised Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating in a research report on Thursday, September 8th. Tudor Pickering cut Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Credit Suisse Group AG raised Petroleo Brasileiro SA – Petrobras from an “underperform” rating to a “neutral” rating and raised their price target for the company from $2.00 to $8.60 in a report on Friday, August 26th. Barclays PLC reissued an “underweight” rating and issued a $9.00 price target on shares of Petroleo Brasileiro SA – Petrobras in a report on Monday, August 15th. Finally, Vetr raised Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “strong-buy” rating and set a $10.04 price target for the company in a report on Wednesday, September 14th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $7.31.

Petroleo Brasileiro SA – Petrobras (NYSE:PBR) opened at 9.22 on Wednesday. The stock’s market cap is $60.14 billion. The stock has a 50 day moving average of $9.11 and a 200 day moving average of $7.31. Petroleo Brasileiro SA – Petrobras has a 1-year low of $2.71 and a 1-year high of $10.24.

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Several large investors have recently made changes to their positions in PBR. Emerald Acquisition Ltd. purchased a new position in shares of Petroleo Brasileiro SA – Petrobras during the second quarter worth $57,271,000. Horseman Capital Management Ltd acquired a new position in Petroleo Brasileiro SA – Petrobras during the second quarter valued at approximately $54,416,000. Axiom International Investors LLC DE boosted its position in Petroleo Brasileiro SA – Petrobras by 152.6% in the second quarter. Axiom International Investors LLC DE now owns 7,025,000 shares of the oil and gas exploration company’s stock valued at $50,299,000 after buying an additional 4,243,900 shares during the period. Numeric Investors LLC acquired a new position in Petroleo Brasileiro SA – Petrobras during the second quarter valued at approximately $19,363,000. Finally, USS Investment Management Ltd boosted its position in Petroleo Brasileiro SA – Petrobras by 100.0% in the first quarter. USS Investment Management Ltd now owns 3,786,618 shares of the oil and gas exploration company’s stock valued at $11,133,000 after buying an additional 1,893,309 shares during the period. 5.81% of the stock is owned by institutional investors and hedge funds.

Petroleo Brasileiro SA – Petrobras Company Profile

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.

5 Day Chart for NYSE:PBR

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